From a fiscal point of view it is sometimes prudent to transfer during life a substantial proportion of your assets to the next generation. Unfortunately, the Ferrari Syndrome - a fear that the children will squander the money on the 'wrong' things - makes many parents reluctant to pass on assets. Deloitte’s Private Client Services professionals can assist and advise you with regard to the right procedure.

Managing and Protecting
The most fiscally advantageous way of transferring assets can occasionally be at odds with ideas and wishes regarding management and control of the assets. However, there are some management and protection constructions that do allow you to hand on assets to the next generation without relinquishing control over them. Two such constructions are the family fund and the family foundation. Both have big advantages: parents retain control over the assets and the assets are kept intact. Another advantage is that asset accrual is vested in the person who holds the interests in the fund or the certificates in the foundation.

The Deloitte Approach
Deloitte Private Client Services has a great deal of experience in setting up these constructions, tailored to fit the specific wishes of clients. The experts at Deloitte Private Client Services will be pleased to answer all your questions and fulfil your wishes through the most advantageous and safest structure for you personally. You will be able to pass on assets to the next generation without any worries.

More Information
To learn more about the added value of Deloitte Private Client Services, please contact Ruben Freudenthal, Tax Partner, on +31 (0)71 535 23 52, or send an e-mail to rfreudenthal@deloitte.nl.